Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Two loss years in a row NBB
Negative result in 2023 and 2024.
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Tight liquidity NBB
Cash and receivables cover 1 % of short-term debt in 2024; threshold 65 %.
Financials
Financial year 2024
Retail Immo Menen from Nieuwpoort, company number BE0644576084, closed financial year 2024 with a result of € -33,078 after tax. For that financial year Retail Immo Menen recorded a gross margin of € -25,737 and equity of € 29,082. Compared with financial year 2023, the result moved from € -930 to € -33,078. The company made a loss. The buffer shrank hard: equity is 53 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 18, 2025.
€ 29,082
▼ 53% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -33,078
▼ 3457 % more loss than in 2023
Profit after tax over the fiscal year.
€ 45,870
▼ 36% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -70,918.
Debts at end 2024
€ 2.7 million
▼ 14% vs 2023
Loans from banks and other lenders, long and short.
€ 117,634
▼ 82% vs 2023
Supplier invoices still open on the last day of the fiscal year.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 132,071 | € 8,963 | € 6,631 | € -25,737 | ▼ € 32,368 |
| Profit after taxes | € 2,589 | € 5,230 | € -930 | € -33,078 | ▼ € 32,148 |
| Equity | € 57,861 | € 63,091 | € 62,161 | € 29,082 | ▼ 53% |
| Total debts | € 10,837,298 | € 11,066,745 | € 12,013,846 | € 12,316,772 | ▲ 3% |
| Cash | € 909 | € 70,536 | € 71,873 | € 45,870 | ▼ 36% |
| Land & buildings | € 4,017,852 | € 4,017,852 | € 4,017,852 | € 4,017,852 | |
| Retained profit | € -42,139 | € -36,909 | € -37,839 | € -70,918 | ▼ € 33,078 |
| Bank debt | € 3,624,460 | € 3,621,240 | € 3,171,240 | € 2,721,240 | ▼ 14% |
| Balance sheet total | € 10,895,159 | € 11,129,835 | € 12,076,007 | € 12,345,855 | ▲ 2% |
Key figures of Retail Immo Menen, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to Retail Immo Menen?
What happened at Retail Immo Menen in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: loss of € 33,078. Source: NBB ↗
- New establishment in Nieuwpoort. KBO
- Start of the company according to the CBE. KBO
In short
From € 2,589 profit in 2021 to € 33,078 loss in 2024.
Paid € 5,871 in corporate taxes since 2021.
Best year ever: 2022, with € 5,230 profit.
Management
Behind Retail Immo Menen are Bracodev BV, Luc Vulsteke, Seauentia Invest BV and Hennia NV. The shares are held by Luc Vulsteke (50%) and Zabra Real Estate NV (50%).
Directors
According to the 2024 annual accounts
Director · represented by Laurens Brantegem
Also active at: Zabra Business Units, SOBRADIS, ZABRA REAL ESTATE, BRAVOS TERRA, Zabra Invest, Business Park Kallo, Silsburg Land, Silsburg Development +1 more
Luc Vulsteke
Director
Owns 50% directly
Also active at: PLASMA HOLDING, LUC VULSTEKE INDUSTRIAL, TUBIZE PLASTIQUES, Ubuild, GHISLENGHIEN LOGISTIQUE, AD-NEW CO, FLOREFFE REAL ESTATE, Résidences Libramont +6 more
Gedeleerd bestuurder · represented by Nickolas Vulsteke
Also active at: PLASMA HOLDING, LUC VULSTEKE INDUSTRIAL, HOUTLAND BETON, Extenso, Royal Navy Property, LONG NELLE, IMMO DE POSTHOORN, TRANSKOR +1 more
Gedeleerd bestuurder · represented by Christine Vermeersch
Also active at: Zabra Business Units, SOBRADIS, Immo De Snoeck, SOBRADIS VENTURES, ZABRA REAL ESTATE, SOBRIMMO, STUDENTS@GENT, BRAVOS TERRA +8 more
Shareholders
Luc Vulsteke · director
50%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Franslaan 59/1
8620 Nieuwpoort
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0644.576.084
- VAT number
- BE 0644.576.084
- Registered office
- Franslaan 59/1, 8620 Nieuwpoort
- Names & denominations
- Retail Immo Menen · Retim
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 16 December 2015
- Peppol
- Active · Active since 24 Sept 2026
- Activities · NACE
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